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Home Economy/Technology

FRC renews commitment to improve Nigeria’s revenue

FRC

The Matters Press by The Matters Press
September 19, 2022
Reading Time: 1 min read
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FRC renews commitment to improve  Nigeria’s revenue

The Fiscal Responsibility Commission (FRC) has committed to redoubling its efforts in improving the Federal Government revenue drive.

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This is amidst the national and international bleak economic outlook which has continued to put the national budget in deficit.

According to a statement issued by Mr Bede Anyanwu, Head, Strategic Communications Directorate, FRC on Monday, FRC Chairman, Mr Victor Muruako made the assertion recently at the Senate’s interactive session.

The session was on the 2023-2025 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP).

Muruako said the agency was committed to the federal government’s draft MTEF which sought to target N8.46 trillion in the country’s revenue in the 2023 appropriation bill.

He also said that Mrs Zainab Ahmed, Minister of Finance, Budget, and Economic Planning, recently re-emphasised the urgency to boost the revenue while presenting her overview on the 2023-2025 MTEF to the senate.

He pledged to maintain the synergy between the commission and the Senate Committee on Finance in the area of financial analyses and intelligence.

He said this would assist in improving the economic prosperity of the country, while enabling the federal government to deliver public goods for Nigerians.

The chairman also urged the senate to continue its support for the commission in accessing information from the ministries, departments and agencies to achieve its mandates.

He further commended the senate for always rendering support, in this regard, whenever the commission was handicapped.

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